In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...

American Semiconductor, Inc. announces TowerJazz, the global specialty
foundry leader, is the first foundry with a CMOS process, CS18,
available for physically flexible wafers and ICs utilizing FleX™
Silicon-on-Polymer™. This announcement was made at the 12th
annual Flexible & Printed Electronics Conference presented by the
FlexTech Alliance held in Phoenix, Arizona on January 29 – February 1,
2013.

FleX Silicon-on-Polymer is American Semiconductor’s process for
transforming standard silicon wafers into flexible wafers that can be
bent, conformally mounted to non-flat surfaces, and integrated with
printed electronics to create flexible hybrid systems. “FleX has been
successfully demonstrated in various prototype processes,” said Rich
Chaney, General Manager of American Semiconductor. “Partnering with
TowerJazz to release FleX with their foundry CS18 process will greatly
expand the availability of flexible ICs and is a benefit to the flexible
electronics community.”

“FleX is a post-fabrication process that can be applied to our
production SOI technology making it possible to turn any product into a
flexible die helping our customers create new, differentiated
solutions,” said Dr. Marco Racanelli, Sr. Vice President of TowerJazz.
“We are excited to partner with American Semiconductor and look forward
to jointly participate in the growth of this new market.”

“As part of our qualification of the TowerJazz CS18-FleX offering, we
are characterizing RF devices for improved performance and developing
the device models that will allow engineers to design their IC in a
flexible form from the start,” said Doug Hackler President and CEO of
American Semiconductor. “We anticipate that demand will be significant
and that we will need to support multi-project wafers very soon.”

American Semiconductor offers full support for FleX IC and flexible
hybrid system development. This includes IC design support for all
TowerJazz CMOS processes, including CS18-FleX. Design support is
available for full custom IC design, IP development or integration, or
any part of the design flow a customer might want assistance with.
Engineering support for flexible hybrid systems includes printed
electronics design and fabrication, FleX integration, and prototype
development.

FleX is compatible with printed electronics to create flexible hybrid
systems that enable new innovation in many applications including
conformal and structurally integrated antennas, structural health
monitoring for automotive and aerospace, and flexible consumer
electronics.

About American Semiconductor

American Semiconductor, Inc. is the industry leader in flexible
integrated circuits and flexible hybrid systems development as well as a
services provider to create flexible ICs. As an on-shore, ITAR
compliant, flexible products and services provider, American
Semiconductor supports all aspects of flexible design and processing.
Services include FleX™ Silicon-on-Polymer™ technology and design
engineering including design, verification, layout, and test. Visit us
at www.americansemi.com.

About TowerJazz

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), its fully owned
U.S. subsidiary Jazz Semiconductor Ltd., and its fully owned Japanese
subsidiary TowerJazz Japan, Ltd., operate collectively under the brand
name TowerJazz, the global specialty foundry leader. TowerJazz
manufactures integrated circuits with geometries ranging from 1.0 to
0.13-micron, offering a broad range of customizable process technologies
including: SiGe, BiCMOS, Mixed-Signal and RFCMOS, CMOS Image Sensor,
Power Management (BCD), and Non-Volatile Memory (NVM) as well as CMOS
and MEMS capabilities. TowerJazz also offers a world-class design
enablement platform that complements its sophisticated technology and
enables a quick and accurate design cycle. In addition, TowerJazz
provides (TOPS) Technology Optimization Process Services to IDMs as well
as fabless companies that need to expand capacity, or progress from an
R&D line to a production line. To provide multi-fab sourcing, TowerJazz
maintains two manufacturing facilities in Israel, one in the U.S., and
one in Japan with additional capacity available in China through
manufacturing partnerships. For more information, please visit www.towerjazz.com.

Safe Harbor Regarding Forward-Looking Statements

This press release includes forward-looking statements, which are
subject to risks and uncertainties. Actual results may vary from those
projected or implied by such forward-looking statements. A complete
discussion of risks and uncertainties that may affect the accuracy of
forward-looking statements included in this press release or which may
otherwise affect TowerJazz’s business is included under the heading
"Risk Factors" in Tower’s most recent filings on Forms 20-F, F-3, F-4
and 6-K, as were filed with the Securities and Exchange Commission (the
“SEC”) and the Israel Securities Authority and Jazz’s most recent
filings on Forms 10-K and 10-Q, as were filed with the SEC,
respectively. Tower and Jazz do not intend to update, and expressly
disclaim any obligation to update, the information contained in this
release.

American Semiconductor Inc., the American Semiconductor logo, FleX,
Silicon-on-Polymer, are trademarks of American Semiconductor, Inc.

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